Hyfc Inc

Analysis

Hyfc Inc is a registered charity in United States, based in Saint Cloud, FL. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hyfc Inc reported income of $160k and spending of $121k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $160k (+111%), an average of +111% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hyfc Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Forest Lake High School Football Booster Club ($160k), South Tampa Sticks Youth Lacrosse League Inc ($160k) and Frisco Lacrosse Association Inc ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.